Sumary of Sensex down 3,000 points in a month. Should you deploy some lumpsum?:
- Brokerage and research firm ICICI Securities remains optimistic on the Indian equity market, in general, and believes the structurally rally will continue amid intermittent periods of minor corrections and periods of consolidation.
- Moreover, India has been the preferred destination of foreign investors with inflows touching an all-time high signifying improvement in market sentiment and brokerage house ICICI Securities believes it will continue going forwards as well.
- “Structurally, our view remains bullish on the Indian equities.